SBLAW would like to provide the foreign investor some information about establishment of representative office (RO) in HoChiMinh City, Vietnam as follows:
I. Legal regulation about establishment and operation of RO in Vietnam.
Representative Offices are subsidiaries of foreign businesses.
Representative Offices are not permitted to offer service(s) for PROFIT MAKING PURPOSE on its behalf. Basically a foreign company can establish the representative office in Vietnam to:
1. Operating as liaison office
2. Promoting cooperation projects of foreign businesses in Vietnam
3. Researching market to push up chances to purchase commodities, supply and consume commercial services of foreign businesses in Vietnam
4. Supervising implementation of foreign business’s contract signed with Vietnamese partners or related to the Vietnamese market.
5. Carrying out other activities as allowed by the law of Vietnam
II. Other legal matters concerning the operation of RO in Vietnam
RO still can recruit employees who working for R.O in Vietnam.
It is notable that it shall not require you to inject capital into Vietnam to setup the Representative Office but to pay necessary expense for its operation such as salary paid for staff and office cost only.
Last but not least, the parent company must have been incorporated and operating at least 01 year to setup a representative office in Vietnam
III. Required document to set up RO in Hochiminh City.
To set up Rep,Office, we need you to provide us:
– Notarized and Consulate Legalized Business License of your company
– Notarized and consulate legalized charter or article of association of company
– Notarized and consulate legalized AUDITED Financial Statement of company
– Notarized and consulate legalized Copy of Passport of the Person who will be Chief of Rep.Office in Vietnam.
IV. Legal service for setting up RO.
SBLAW provide legal service to set up RO in Hochiminh City.
Please provide us the scanned copy of the above documents in advance, we shall draft the application dossier for you to sign and then you may send all the original documents for us to proceed setting up the Rep. Office in Vietnam.
